We are pleased to inform you that State Bank of India, Stressed Assets
Management Branch of Ahmedabad has come out with Third Public Auction Notice for sale of the following properties through Public Auction:
(1) Factory Land & Building (at Reserve Price of Rs.7.68 Crores) and
Plant & Machineries (at Reserve Price of Rs. 6.00 Crores) of Ornate Ceramics Ltd. Total Reserve Price is Rs. 13.68 Crores.
(2) Open Plot of Land Revenue Survey No. 326/1/p & 326/2/p Situated at Rajpar Road, Village: Shakt Shanala, Morvi, Dist Rajkot Admeasuring about 22375 Sq. Mts. at Reserve Price of Rs. 2.60 Crores.
We enclose herewith the Investors' Note which contains the brief details of M/s Ornate Ceramics Ltd., its P&M, Infrastructure facilities etc.
Please also find attached the Copy of Public Auction Notice intimating the Reserve Price for each properties and Tender Form.
Please note that a Demand Draft of 10% of the Reserve Price as EMD
favoring "State Bank of India, Ahmedabad." is essential for making a bid. Any bid without DD of 10% toward EMD shall be rejected.
The Public Inspection is scheduled on 11-01-2010 in between 11.00 am to 2.00 pm at the factory premises at Village: Shakt Shanala, Tal: Morbi, Dist: Rajkot.
The Public Auction of the above secured assets of Ornate Ceramics Ltd shall be held on 23-01-2010 at 2.00 pm. at State Bank of India, SAM Branch, Paramsiddhi Complex, 2nd Floor, Opp: V S Hospital, Ashram Road, Ellisbridge, Ahmedabad - 380 006.
If you require any further information in the matter, please contact Mr.
Avinash Kothari (M) 9375656544 or Mr. Jignesh Modi at 9375656505
Thanks & Regards,
Securitisation & Asset Resolution
Vivro Financial Services Pvt. Ltd.
Contact : 079 26650670 Ext : 115
(M) 9375656505, 9375656544
Tender Form : Ornate Ceramics Ltd
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Investors' Note for Ornate Ceramics Ltd.